Traders Purchase High Volume of Call Options on BlackBerry (NYSE:BB)

BlackBerry Limited (NYSE:BB) was the recipient of some unusual options trading activity on Friday. Stock traders bought 32,945 call options on the stock. This is an increase of approximately 52% compared to the typical daily volume of 21,653 call options.

BlackBerry Stock Down 9.9%

BB traded down $0.43 during trading hours on Friday, reaching $3.90. 17,982,904 shares of the stock traded hands, compared to its average volume of 14,722,020. BlackBerry has a fifty-two week low of $2.80 and a fifty-two week high of $6.24. The firm’s fifty day simple moving average is $4.43 and its two-hundred day simple moving average is $4.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -391.50 and a beta of 1.41.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, December 18th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $137.54 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. As a group, analysts forecast that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BB. TD Securities lowered BlackBerry from a “buy” rating to a “hold” rating and lifted their target price for the company from $4.00 to $5.00 in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackBerry in a research report on Wednesday, October 8th. Canaccord Genuity Group reissued a “hold” rating and issued a $4.60 target price on shares of BlackBerry in a research report on Friday. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, Robert W. Baird boosted their price target on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.10.

Insider Activity at BlackBerry

In related news, insider Philip S. Kurtz sold 44,178 shares of the stock in a transaction that occurred on Sunday, September 28th. The stock was sold at an average price of $4.95, for a total value of $218,681.10. Following the completion of the transaction, the insider directly owned 95,468 shares in the company, valued at approximately $472,566.60. This represents a 31.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mattias Eriksson sold 5,914 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $27,322.68. Following the completion of the transaction, the insider directly owned 291,340 shares in the company, valued at approximately $1,345,990.80. This trade represents a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 88,565 shares of company stock worth $423,706. Insiders own 0.37% of the company’s stock.

Institutional Trading of BlackBerry

Institutional investors have recently bought and sold shares of the company. Delos Wealth Advisors LLC acquired a new position in BlackBerry in the 3rd quarter valued at $34,000. CI Investments Inc. boosted its stake in BlackBerry by 48.4% in the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after buying an additional 2,745 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of BlackBerry by 2,349.1% during the 3rd quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock worth $57,000 after purchasing an additional 11,205 shares in the last quarter. LeConte Wealth Management LLC acquired a new stake in BlackBerry during the 2nd quarter valued at $61,000. Finally, Benjamin Edwards Inc. lifted its position in shares of BlackBerry by 31.5% during the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

Key BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Quarterly results beat expectations — BB reported $0.05 EPS vs. consensus $0.04 and revenue above estimates, showing improved profitability versus a year ago. BB Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Company raised FY 2026 guidance (EPS 0.140–0.160 vs. consensus ~0.120) and hit the top end of cash‑flow guidance; management cited strong cybersecurity demand. Blackberry lifts lower end of annual revenue forecast
• Positive Sentiment: Business highlights: QNX posted its highest revenue quarter ever, Secure Communications beat revenue and adjusted EBITDA guidance — supporting the thesis of durable software/cybersecurity revenue. BlackBerry Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Analysts reiterated neutral/hold ratings with modest upside targets (RBC $4.50; Canaccord $4.60), signaling cautious optimism but no upgrade momentum. RBC reaffirmation (Benzinga) Canaccord reaffirmation (TickerReport)
• Neutral Sentiment: Company provided Q4 and FY slide deck and call materials for investors to dig into segment trends and margin/cash‑flow details. BB Press Release / Slide Deck Earnings presentation (Seeking Alpha)
• Negative Sentiment: Near‑term guidance is mixed: Q4 revenue range (≈$138M–$148M) and EPS guidance (0.030–0.050) leave room below consensus at the low end — a possible reason for the stock pullback. Earnings and guidance details (MarketBeat)
• Negative Sentiment: Revenue was down modestly year‑over‑year (-1.3%) and GAAP net margin remains small/negative, which may keep some value investors cautious despite improving operating metrics. Quarterly stats (MarketBeat)

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.